As of March 18, 2025, Bitcoin is trading at approximately $84,448.08, reflecting a 0.26% increase over the past 24 hours. Ethereum is priced around $1,987.12, up 0.15% in the same period. Crypto markets face major shifts as technical moves and political decisions drive new strategies.
On March 7, 2025, at 3:10 AM UTC, President Donald Trump signed an executive order that creates a Strategic Bitcoin Reserve and a Digital Asset Stockpile. On March 20, 2025, BTC is currently trading at $84,448.08 Follow +214.81 (0.26%) today. The crypto market is evolving rapidly, and this fact signals major changes ahead. In this article, we explore bitcoin's price behavior against a falling dollar, bold moves by the U.S. government, new legislative proposals, and emerging investment products including a new ETF and decentralized exchange on Solana. Furthermore, each section provides precise dates and technical details that enhance the clarity of the current market developments. Moreover, this comprehensive overview equips investors with the necessary insights to navigate the dynamic digital finance landscape.
Crypto Fear & Greed Index | Source: Alternative.me
The Fear and Greed Index has increased to 49, still indicating a neutral market sentiment. Bitcoin has remained below the $100,000 mark, experiencing limited whale accumulation and low volatility.
What’s Trending in the Crypto Community?
Industry Highlights
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Tether is now the seventh-largest buyer of the U.S. Treasuries, holding 33.1 billion USD.
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The TON Foundation raised over 400 million USD through token sales.
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Pump.fun launched PumpSwap, a DEX enabling instant migration of graduated tokens.
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Kraken acquired the U.S. futures platform NinjaTrader for 1.5 billion USD
Trending Tokens of the Day
84K Bitcoin Market Trends and Dollar Decline
Source: KuCoin
On February 28, 2024, the U.S. dollar index reached 107.6. On March 7, 2024, the index fell to 103.60, marking a nearly 4% drop within days. Bitcoin did not surge as expected during this period. Furthermore, analysts once saw a clear inverse relationship between the dollar and bitcoin, and historical data shows that similar drops have triggered a positive reaction in bitcoin, but with a notable delay.
Julien Bittel of Global Macro Investor explained that such rapid drops have occurred only three times in the past 12 years. At the Bitcoin 2024 conference in Nashville, while still campaigning for reelection, Donald Trump warned the audience to "never sell your Bitcoin."
He also revealed his plan that if elected, his administration would retain 100% of all bitcoin held or acquired by the U.S. government. Furthermore, this marked the first time he mentioned keeping government-seized bitcoin, and so far, he appears determined to fulfill that promise.
Read more: Trump Orders Creation of U.S. Sovereign Wealth Fund: Could Bitcoin Play a Role?
Donald Trump Promises to Turn America into the 'Undisputed Bitcoin Superpower'
Source: Getty
On March 20, 2025, President Donald Trump addressed the Digital Asset Summit in New York. He vowed to make America the "undisputed Bitcoin superpower and crypto capital of the world." He called on Congress to pass "landmark legislation creating simple, common sense rules for stablecoins." On a previous occasion at the Bitcoin 2024 conference in Nashville, he advised attendees to "never sell your Bitcoin."
He pledged that if elected, his administration would keep "100% of all the Bitcoin the U.S. government currently holds or acquires into the future." Additionally, on March 20, 2025, the U.S. Senate Banking Committee advanced the stablecoin-focused GENIUS Act with an 18-6 vote.
On March 6, 2025, Bitcoin dropped 5.7% in less than an hour following the Strategic Bitcoin Reserve order, and later rebounded to 87,200USD. Senator Cynthia Lummis proposed a bill to allow the government to buy up to 80 billionUSD in bitcoin, while Representative Byron Donalds introduced separate legislation to let the Treasury and Commerce Secretaries add bitcoin if the move is budget neutral. Moreover, these actions signal a significant shift in regulatory approaches to digital assets.
Canary Files for Pengu ETF
Pudgy Penguins is among the most popular NFT brands. Source: Cointelegraph
On March 20, 2025, asset manager Canary Capital filed for an ETF designed to hold the Pengu token and Pudgy Penguins NFTs. Furthermore, the ETF will also include SOL and ETH that are necessary for trading these digital assets.
This filing may result in the first U.S. ETF to include NFTs if approved. Additionally, Pudgy Penguins now have a market capitalization of roughly 438 million USD, according to CoinGecko data.
Read more: Bitwise Expected to Launch New Spot Dogecoin (DOGE) ETF with SEC Filing, Boosting Crypto Market
Pump.fun debuts its DEX PumpSwap Despite Revenue Decline
Source: X
On March 20, 2025 at 7:15 pm UTC, Pump.fun launched PumpSwap on Solana. This launch comes after Pump.fun fees decreased nearly 60% over the previous 30 days. PumpSwap is an automated market maker that works similarly to Raydium V4 and Uniswap V2, using a constant product formula for trading.
Users can create liquidity pools at no cost, and each trade incurs a fee of 0.25%, with 0.20% going to liquidity providers and 0.05% to the protocol. Furthermore, Pump.fun explained in an X post,
"From day 1 our goal was to create the most frictionless environment for trading coins. Migrations were a major point of friction – they slow a coin’s momentum and introduce needless complexity for new users Mow, migrations happen instantly and for free."
The platform completed nine independent security audits and plans to open-source its PumpSwap code. Additionally, the LIBRA memecoin incident on February 14, 2025 saw Argentine President Javier Milei endorse the token, which soared to a 4.5 billionUSD market cap before collapsing by 95% in two days.
Memecoin trading volume dropped from nearly $206 billion in January to 99.5 billionUSD in February, and Pump.fun recorded 588,478 SOL in revenue from January 15 to February 14, with revenue falling by over 50% in the subsequent 30 days. Moreover, Pump.fun remains the seventh largest protocol on Solana despite these challenges.
Conclusion
On March 20, 2025, the crypto market stands at a pivotal moment, and the developments discussed herein indicate a broad shift in digital finance. Furthermore, bitcoin's performance amid a falling dollar, coupled with bold presidential and legislative moves, highlights the evolving regulatory landscape.
The emergence of new investment products such as the Pengu ETF and the launch of PumpSwap on Solana demonstrates that innovation continues despite market volatility. Additionally, precise dates and technical details provide clarity in this dynamic environment. Furthermore, these comprehensive insights equip investors with the knowledge to navigate the complexities of digital assets. Moreover, the current period may well define the future of digital finance, making it crucial to monitor these trends closely.
